With Michigan’s population on the decline, looking at each generation’s impact on the state’s economy becomes paramount to seeing how policymakers and other stakeholders can turn the population around.
As the baton of the workforce is passed from one generation to the next, Gen Z emerges as a powerful force, bringing their unique perspectives and aspirations to the table. Born between the mid-1990s and early 2010s, Gen Z is approaching higher education and their future careers with a fresh mindset, seeking practical skills and hands-on experiences that will empower them in an ever-evolving job market.
Millennials currently make up the largest share of the U.S. workforce and are expected to make up 75% of the global workforce by 2025. Despite the cohort’s strength in numbers, the workforce isn’t evenly distributed across the nation, however, with many millennials opting to live in warm-weather destinations and large metropolitan cities as opposed to places like Michigan.
They’re not the silent generation. Hidden from the spotlight until now, Gen Xers (born between 1965 and 1981) have quietly become the next generation of workforce leaders, rising to C-suite level positions, as they take on new roles and talk about hiring for positions that don’t exist yet.
Baby boomers are facing a big decision: should they stay in the workforce, and can they afford to leave? Can Michigan afford to lose them? According to data from the U.S. Bureau of Labor Statistics, the percentage of civilian workers aged 65-74 participating in the U.S. labor force is expected to take a sharp rise in the next decade, meaning more baby boomers are expected to stave off retirement and stay in their positions longer.
After more than two years of navigating the COVID-19 pandemic and major economic shifts, Michigan’s workforce landscape has changed drastically. Businesses of all sizes, and their employees, were impacted. Some small businesses shuttered, while others thrived, and the philosophy behind what work is, and what it should be, came into question.
In this time of global upheaval, the greatest challenge business leaders face is access to human capital. As a global leader on the future of employment, culture and leadership, Johnny C. Taylor, Jr is a sought-after voice on all matters affecting work, workers, and the workplace. Mr. Taylor will discuss the complexities of the modern workplace amid a pandemic, fluctuating unemployment, economic uncertainty and a heightened urgency around inclusion and diversity.
When it comes to Michigan’s strengths as a state, education isn’t necessarily one of them. According to a U.S. News & World Report ranking, Michigan sits at 38th overall — 42nd in higher education, and 32nd in Pre-K-12 education — compared with the other 49 U.S. states. Teachers in Michigan were presented with more challenges and increased demands in the wake of the COVID-19 pandemic and school shootings, like the mass shooting at Oxford High School last November and at Uvalde Elementary School in Texas more recently.
Taking a look around Michigan’s major cities, design is everywhere, though much of the design people see in their daily lives largely goes unnoticed. Whether it’s the clothing people wear, the designs and patterns that adorn walls, the architecture in downtown Detroit and other cities, or the websites they visit, chances are a designer is behind it. So, what really makes up the design industry and what efforts are underway in Michigan to develop and expand it?
From Detroit’s Campus Martius and Riverwalk districts to vibrant developing downtown corridors in Detroit’s suburbs, like Clawson, urban planners, developers and city officials in Southeast Michigan have begun the placemaking process in an attempt to attract and retain workforce talent and provide residents with a greater quality of life, but have the state’s efforts paid off?
More than a century ago, Detroit’s entrepreneurial spirit put the Michigan auto industry on the map as the Motor City — the car capital of the world, but how will the state that has led the automotive industry for several decades stay competitive in the everchanging automotive environment of the 21st century?